Wall Street stocks gained moderately ahead of ISM data
On Monday, stock futures grew moderately because a new month of trading kicks off. In general, traders were looking direction from a key indicator of the manufacturing industry.
While no key earnings posts are due, the actual breakdown of a deal between Baker Hughes Inc. and Halliburton Co. could gain some attention.
Dow Jones Industrial Average futures surged 17 points, trading at 17,710. S&P 500 futures went up 2.15 points at 2,061.25, while Nasdaq-100 futures gained 1.75 points at 4,333.25.
The Dow industrials as well as S&P 500 concluded April with revenues of 0.5% and 0.3% accordingly. However, the Nasdaq Composite sank 1.9% due to weaker than expected earnings of Intel and Apple. All indexes ended up with a weekly drop.
By the way, on Monday, crude prices remained under pressure as market participants kept cashing out of a rapid run up in oil prices in April. June WTI oil descend 0.9%, trading at $45.53 a barrel per barrel, while the greenback demonstrated a new 18-month drop against the Japanese yen overnight.